Anchor Land Holdings Inc., an upscale real-estate company, said earnings surged by more than half as it increased sales and completed more projects. More »
Anchor Land Holdings Inc., an upscale real-estate company, said earnings surged by more than half as it increased sales and completed more projects. More »
Soured loans of universal and commercial banks fell to an eight-year low as the industry continued to lend steadily, the Bangko Sentral ng Pilipinas reported on Friday.
State-owned lender Land Bank said loans extended to its priority sectors rose by nearly a fifth as of end-September.
State-run Government Service Insurance System asked corporate regulators to suspend the trading and delist shares of Metro Pacific Investments Corp., the local unit of Hong Kong conglomerate First Pacific Co.
Andrew Tan-led Alliance Global Group Inc. on Friday said nine-month earnings rose by nearly a fifth on the back of higher revenues from its units.
Credit card issuer Bankard Inc. said its acquisition of three floors in a building project owned by an affiliate was carried out to save on rent and earn from its investments.
Developer Megaworld corp. will be listing its fixed-rate bonds, the proceeds of which will be used for the development of a mixed-use project in Fort Bonifacio, on the Philippine Dealing & Exchange Corp.
Philippine share prices retreated on Friday, snapping a three-day upswing as investors digest a number of negative developments, analysts said.
JG Summit Holdings Inc., the publicly-listed flagship company of the Gokongwei group, completed its maiden peso bond issue and increased the size of its offering following strong demand from investors.
Property giant Ayala Land Inc. will be creating a wholly-owned subsidiary to handle the development of "neighborhood centers", small format retail facilities, to be located within the company's growth centers in Luzon.
Preneed sales in August dropped by more than half owing to the weak subscription to education, life and pension plans.
SM Prime Holdings Inc., the countrys largest owner and operator of shopping malls, is studying the possibility of overseas listing for the company which operates its malls in China.
The Arroyo administration was unable to create the jobs it promised to generate during the past five years, a report made by the Philippines socioeconomic body said.
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Despite opposition from cultural conservationists, a government-owned structure in Tokyo will be demolished so that it can be leased for 50 years, helping earn funds for the cash-strapped Arroyo administration.
An association of financial executives in the country chose Jose Sio of the SM Group, owned by the Sy family and the Philippines' wealthiest, as the recipient of CFO (chief financial officer) of the Year Award.
Property firm Alphaland Development Inc. , led by former trade minister Roberto Ongpin, will do a backdoor listing at the Philippine Stock Exchange following a deal with listed Macondray Plastics Inc.
The Arroyo administration ruled out any new tax measures after the government spent more than expected, breaching its full-year deficit cap in ten months.
MANILA, Nov 19 (Reuters) - The Philippines could launch yen and dollar bonds as early as January, but the exact timing and size of the debt issues will depend on market conditions, a senior official said on Thursday.
Listed developer Megaworld Corp. on Thursday announced that its fixed rate bonds received significant interest from investors.
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